The salaries of the top managers of the big Swiss banks in 2025 have reached record levels, according to Ethos. The sustainable investment foundation is calling on the shareholders of UBS and Julius Bär to reject the remunerations at their annual general meetings. +Get the most important news from Switzerland in your inbox Coming in for particular criticism are the variable parts of CEOs' salaries, reads a statement on Tuesday. This part in the case of Sergio Ermotti, CEO of UBS, is worth up to 4.8 times the basic salary of CHF2.5 million ($3.13 million). For Giorgio Pradelli, CEO of EFG International, this ratio amounts to 4.5, and for the head of Julius Bär Stefan Bollinger to 4.1. + Two CEOs in Switzerland earn over CHF20 million – Ermotti’s not one of them The maximum variable compensation suggested by Ethos – which strives for sustainable investments – is well below these ratios. The foundation suggests in most cases three times the basic salary. Such limits on bonuses are ...
